Critical Knowledge and Updates in Business and Compliance for Wealth Management Professionals (Sept-Oct 2015)

Critical Knowledge and Updates in Business and Compliance for Wealth Management Professionals
(including Bankers, Relationship Managers, Compliance Officers, Operations Executives, etc.)

Since the financial crisis in 2008, regulators around the globe have taken solid actions to strengthen regulations and enhance compliance requirements in order to monitor the financial markets and their practitioners closely. Areas such as investment selling, risk management, know-your-client (“KYC”), anti-money laundering (“AML”), counter-terrorist financing (“CTF”), sanctions, transaction monitoring are all under close monitoring by regulators, with significant penalties for non-compliance. In addition, tax evasion is another area under scrutiny of governments and authorities.
While banks and financial institutions around the globe are busily implementing processes and procedures to satisfy the Foreign Account Tax Compliance Act (“FATCA”) requirement from the Government of the United States, other new requirements such as the OECD Common Reporting Standard (“CRS”), a globally coordinated approach for enhancing tax transparency and combating cross-border tax evasion, is also on its way for implementation. Banks and financial institutions will soon be required to meet this regulation.

Regulators and other statutory bodies such as HKMA, SFC, HKAB, PWMA, etc require financial services practitioners to constantly update their knowledge of relevant regulatory requirements and standards. Taking into consideration of the challenges faced by the wealth management and financial services industry, this Program is specially designed to cover the updates and latest development of local and international financial laws and regulations, corporate governance, code of conduct, behaviour and ethical standards, as well as sharings on how to utilise the learnings from
FATCA and make the CRS implementation smoother.

What’s more, this Program also covers some of the business aspects of the wealth management and financial services industry. While investment products have been traditionally a core product for the industry, insurance products and financial planning solutions have become more in demand from private and wealth management clients. This Program apart from covering the business trend and legal / regulatory environment in the insurance business in Hong Kong, it will also discuss the new establishment of the Independent Insurance Authority. Better understanding of these contexts
would certainly be beneficial to both front line and/or middle/back office staff.

Module 1 – Tax and Its Regulatory Implication: Migration from FATCA to CRS (3 hours)
Date: 22 September 2015 (Tuesday) (7:00-10:00pm)
Facilitator: Charles Lam

Module 2 – Corporate Governance, Ethics and Code of Conduct (3 hours)
Date: 2 October 2015 (Friday) (7:00-10:00pm)
Facilitator: Say Goo

Module 3 – Financial Laws and Regulations for the Banking Industry (3 hours)
Date: 6 October 2015 (Tuesday) (7:00-10:00pm)
Facilitator: Douglas Arner

Module 4 – Insurance Products and Related Regulations for Wealth Management and Financial Services Industry (3 hours)
Date: 13 October 2015 (Tuesday) (7:00-10:00pm)
Facilitator: Charles Lam

Fee: HK$1,800 per module (Early Bird Fee – for application made on or before 10 September 2015: HK$1,600 per module)

AIIFL is in the process of applying for CPD points from the Law Society of Hong Kong. Please check with your respective associations for the eligibility of claiming of CPD.

Leaflet for more details.

If you are interested to enrol, please fax the application form to 2549 8495 or email it to Flora Leung at fkleung@hku.hk.